Portland & Surrounding Suburbs | June 2012 Real Estate Reports by Area

Portland & All Surrounding Suburbs: June 2012

City of Portland and All the Surrounding Suburbs Stats & Review:

Portland Metropolitan Area Stats & Review

The current Rolling Price Appreciation/Depreciation percent change is -2.1%. The current year to year comparison average price change from (June 2011- June 2012) prices are up 6.4%. With the Average and Median Sales Price both up significantly from last year, supply levels at the lowest level since March 2007, demand up significantly, marketing time decreasing I have to give it an overall market rating of price appreciation. To truly establish trend you need to consider the very longer term such as rolling average sale price percent change from year to year but you also need to consider the immediate trend when compared to last year’s same month and in many cases even the previous few months of data.

*This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (7/1/11- 6/30/12) and compares it to the rolling average sales price of the previous 12 months (7/1/10-6/30/11). In this case the rolling average over the last twelve months is $265,800 and the rolling average of the previous 12 months was $271,600. You take the rolling average price difference and divide it by previous 12 month rolling average and you get -2.1%

When comparing June’s results this year 2012 to last year (June 2011) here is what you will find:

The average homeowner's equity increased by $19,000 or 7.2% of value.
Average Sales Price in June 2012 was $284,100
Average Sales Price in June of 2011 was $267,100
Number of closed sales for the month of June 2012 was 2244
Number of closed sales for the month of June 2011 was 1958
The closed sales ratio is an increase of 286 or 12.75%

The supply in the entire Portland Metro area stands at 3.9 months.
The time it takes on average from when a homeowner lists their home to when a home has an accepted offer is 114 days.

Portland Metro Real Estate data comes from the RMLS of Portland, which is the region’s local multiple listing source for real estate listings. If you would like to receive e-mailed reports simply let me know.

Portland & All Surrounding Suburbs: June 2012

2012 Portland Area/Section Reports: